Commercial Warehousing In Demand as Companies Expand to Northern Nevada
The real estate market in Northern Nevada is breaking records when it comes to residential real estate. There is low inventory and when one becomes available, they are quickly sold within 30 days. The same can be said about commercial real estate in the Reno-Sparks region.
Browsing a few commercial real estate listing sites, there are anywhere between 40 – 100 properties available with various square footage. From thousands to hundreds of thousands of square footage available around different parts of the region, listings are quick to be bought up as the region experiences continued growth.
Prices vary from as low as $0.70 per square foot to more than $11 per square foot, there are many variables depending on the part of town and the amenities some of the properties have.
From Reno to Sparks and throughout the valley, many different companies are setting up shop in Northern Nevada.
According to the Economic Development Authority of Western Nevada, technology and manufacturing are the two of the fastest growing industry sectors in Northern Nevada. These sectors account for more than 60 percent of all the companies that relocated and expanded in the region within the past two years. The influx of 29 corporate entities making Northern Nevada their new headquarters are strong indicators of their commitment to long-term growth and partnership in our community.
As these trends are expected to continue, Hopkins Distribution continues to offer efficient and strategic 3PL services for both incoming companies expanding to the region as well as those who already are here.
With more than 100,000 square feet of warehouse space, Reno based Hopkins Distribution provides supply chain, warehousing needs and logistics management at a competitive price unlike any that our competition offers.
Hopkins Distribution is no stranger to the region as we are the oldest incorporated 3PL in Northern Nevada. Top-tier companies around the world look to Hopkins Distribution for innovative solutions to help plan business strategies, improve customer service, accelerate order cycle times and tighten control of the supply chain; all while reducing costs in transportation, inventory, and order fulfillment.